ON Semiconductor Corp (NASDAQ: ON) is -15.22% lower on its value in year-to-date trading and has touched a low of $59.34 and a high of $86.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ON stock was last observed hovering at around $72.39 in the last trading session, with the day’s loss setting it -1.57%.
Currently trading at $70.82, the stock is 1.77% and 0.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.77 million and changing -2.17% at the moment leaves the stock -1.84% off its SMA200. ON registered 3.12% gain for a year compared to 6-month gain of -0.27%. The firm has a 50-day simple moving average (SMA 50) of $70.2512 and a 200-day simple moving average (SMA200) of $72.19735.
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The stock witnessed a -1.97% loss in the last 1 month and extending the period to 3 months gives it a -5.11%, and is 6.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.93% over the week and 3.58% over the month.
ON Semiconductor Corp (ON) has around 30100 employees, a market worth around $30.15B and $7.38B in sales. Current P/E ratio is 17.57 and Fwd P/E is 16.43. Profit margin for the company is 23.80%. Distance from 52-week low is 19.35% and -18.38% from its 52-week high. The company has generated returns on investments over the last 12 months (15.39%).
with sales reaching $1.76B over the same period.The EPS is expected to shrink by -22.36% this year, but quarterly earnings will post -13.69% year-over-year. Quarterly sales are estimated to shrink -12.63% in year-over-year returns.
ON Semiconductor Corp (ON) Top Institutional Holders
1255.0 institutions hold shares in ON Semiconductor Corp (ON), with institutional investors hold 104.25% of the company’s shares. The shares outstanding are 426.39M, and float is at 423.06M with Short Float at 5.72%. Institutions hold 103.90% of the Float.
The top institutional shareholder in the company is FMR LLC with over 64.1 million shares valued at $4.39 billion. The investor’s holdings represent 14.9726% of the ON Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 51.33 million shares valued at $3.52 billion to account for 11.9892 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 42.01 million shares representing 9.8139% and valued at over $2.88 billion, while STATE STREET CORP holds 4.8781 of the shares totaling 20.88 million with a market value of $1.43 billion.
ON Semiconductor Corp (ON) Insider Activity
The most recent transaction is an insider sale by El-Khoury Hassane, the company’s CEO & President. SEC filings show that El-Khoury Hassane sold 1,500 shares of the company’s common stock on Nov 25 ’24 at a price of $71.00 per share for a total of $0.11 million. Following the sale, the insider now owns 0.84 million shares.
ON Semiconductor Corp disclosed in a document filed with the SEC on Oct 15 ’24 that El-Khoury Hassane (CEO & President) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $72.71 per share for $0.11 million. Following the transaction, the insider now directly holds 0.84 million shares of the ON stock.
Still, SEC filings show that on Sep 16 ’24, El-Khoury Hassane (CEO & President) disposed off 1,500 shares at an average price of $70.80 for $0.11 million. The insider now directly holds 840,620 shares of ON Semiconductor Corp (ON).
